QM has been trading in a descending channel since breaking down below its previous ascending channel. There's too much speculation about tensions in the middle east and elsewhere to take any big chances on this IMO, so it's best to wait for a break and retest, whether it is to the downside or the upside.
The rally is almost ready, but all depends on how the geopolitical things run out.
NYMEX:CL1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Last week Sellers were successful in pushing the price per barrel of OIL underneath Major Key Level ($80.00)... Now the reason I believe we are preparing for OIL to go LONG is due to price nearing a Major Unmitigated Daily Demand Zone and approaching a...
It still in up channel and will keep Sliding up
Crude Oil (June) Yesterday’s close: Settled 78.48, up 0.37 WTI Crude Oil futures continue the trend lower, eyeing a seventh straight lower high on today’s session. Price action must clear yesterday’s 79.09 in order to break the trend. However, we do have a well-defined range from 79.00 down to 77.91 which traded in less than five minutes yesterday upon reports...
1. Symmetric triangle pattern has been observed 2. Good support and resistance formed I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️
May is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%. However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of...
Crude Oil (WTI) Futures CL Priority way on 07.05 - Long These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
So I don't take too much of my time on the weekend trying to figure out where price is going to go as price isnt even active. So barring any exponential moves Sunday open I am still bearish and have : Monthly Wick CE and target 1 Weekly SSL as target 2 Pre CME open I will re analyse where the market is and publish further forecast for the day.
currently its in downtrend on 1h tf, price can reach 81.61(3%), if trade above RED(79.09)...
Crude Oil (June) Last week’s close: Settled 78.11, down 0.84 on Friday and 5.74 on the week WTI Crude Oil futures have trended with a lower high for five straight sessions and while trading below first key resistance at 79.49-79.63, it is gearing for the sixth straight session since the April 26th peak. Price action has now tested major three-star support at...
**CrudeOil:** The forecast for Crude this week is for the price to fall to the zone between 76.68 and 75.84, where we have a lost pivot, and then rise again.
Elliot wave theory confluent with war situation in middle east wave 4 Zigzag deep correction seem to finish in pivot point (previous high) I long, aim WTI crude oil will go back at least 85 I going to partial close if price is reach 85 I also back-test using trend line and pivot point I found that using 3.5% SL is work well to protect whipsaw in trading I...
Introduction: CL1! (Crude Oil Futures) has experienced a pronounced downturn lately, prompting traders to investigate the underlying factors driving this descent. In this analysis, we'll explore various elements contributing to CL1!'s downward trajectory. Technical Analysis: Breakdown of Key Support Levels: CL1! has breached significant support levels on the...
Selling volume appears to be slowing down but does CL reach 77/75 before catching a bounce?
As it appears, we could see another downward spiral in oil prices for next week and then maybe hit the support of $77 area?
BUY CL at the 79.15 or the 78.00 price levels, going back up to the 90.00 to 95.00 price and beyond.
MCX:CRUDEOIL1! Weekly TF Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks. Recent swing and bigger swings are at crucial level in Fibonacci retracement....